Search or add a thesis

Advanced Search (Beta)
Home > Risk Perception is a Mediator Between Cognitive Biases and Risky Investment Decision Empirical Evidence From Pakistan's Equity Markets

Risk Perception is a Mediator Between Cognitive Biases and Risky Investment Decision Empirical Evidence From Pakistan's Equity Markets

Thesis Info

Author

Muhammad Ishfaq

Department

Department of Management Sciences

Program

Mphil

Institute

National University of Modern Languages

Institute Type

Public

City

Islamabad

Province

Islamabad

Country

Pakistan

Thesis Completing Year

2015

Subject

Management Sciences

Language

English

Added

2021-02-17 19:49:13

Modified

2024-03-24 20:25:49

ARI ID

1676728793858

Asian Research Index Whatsapp Chanel
Asian Research Index Whatsapp Chanel

Join our Whatsapp Channel to get regular updates.

Similar


Investors play a vital role in stock exchange. Sometimes the decisions are based on rational behavior and sometimes these decisions consist of irrational behavior. Traditionally researchers argued that investors behave like a rational agent. This study explores the investor's cognitive biases and how these biases put affect on investor decision. At the same time due to globalization stock market situation is changed day by day even after few seconds. The research examined and explored the impact of cognitive biases on risky investment decision and foremost intention of this study to check the effect of cognitive biases on risky investment decision and more specifically the effect of mediating variable on risky investment decision. There are numerous biases which are putting affect on investor decisions but this study explores the combined effect of two biases i.e. heuristic and overconfidence on risk perception, which is mediating variable and also examined the effect of these cognitive biases on risky investment decision. This study is conducted at three stock exchanges; KSE, ISE and LSE. As this study belongs to the behavior of investor so it comprise of primary data. For this purpose adapted questionnaire is used. 450 questionnaires are distributes out of which 400 questionnaires are returned. The data is run on SPSS. To check the reliability of questionnaire, Cronbach's alpha is applied and the result of reliability is above than 0.7 which is considered to be fit tool for research. Descriptive statistics are used to check the frequency of each respondent towards their age, business tenure and respective stock exchange. The study finds a significant relationship between cognitive biases (heuristic and overconfidence) and risky investment decisions. There is partial mediation between overconfidence and risky investment decision and full mediation between heuristic and risky investment decision while risk perception is a mediating variable. Study also indicates that risk perception have also positive and significant relation with risky investment decisions.
Loading...
Loading...

Similar Books

Loading...

Similar Chapters

Loading...

Similar News

Loading...

Similar Articles

Loading...

Similar Article Headings

Loading...

وصال مبارک

وصال مبارک
آنحضرتؐ کی تاریخ وفات میں اختلاف پایا جاتا ہے البتہ جن امور پر علماء کا اتفاق ہے ۔ وہ یہ ہیں۔ اول سال وفات ۱۱ ھ ہے۔ دوم مہینہ ربیع الاول کا تھا۔ سوم یکم سے ۱۲ ربیع الاول تک کوئی تاریخ تھی۔ چہارم دو شنبہ کا دن تھا۔ اس سلسلہ میں مولانا شبلی ( سیرت النبی۔ج۲۔ ص۔۱۱۲ ) حاشیہ لکھتے ہیں کہ ارباب سیّر کے ہاں تین روایتیں ہیں یکم ربیع الاول‘ دوم اور ۱۲ ربیع الاول۔ ان تینوں روایتوں میں باہم ترجیح دینے کے اصول روایت و درایت دونوں سے کام لینا ہے اور روایت دوم ربیع الاول کی‘ ہشام بن محمد سائب کلبی اور ابو مخنف کے واسطے سے مروی ہے۔ اس روایت کو اکثر قدیم مورخوں ( مثلاََ یعقوبی و مسعودی وغیرہ) نے قبول کیا ہے لیکن محدثین کے نزدیک یہ دونوں مشہور دروغ گو اور غیر معتبر ہیں۔ یہ روایت واقدی سے بھی ابن سعد و طبری نے نقل کی ہے( جزء وفات) لیکن واقدی کی مشہور ترین روایت جس کو اس نے متعدد اشخاص سے نقل کیا ہے وہ ۱۲ ربیع الاول کی ہے۔ البتہ بیہقی نے دلائل میں مسند صحیح سلیمان التیمی سے دوم ربیع الاول کی روایت نقل کی ہے( نور النبراس ابن سید الناس‘ وفات) لیکن یکم ربیع الاول کی روایت ثقہ ترین ارباب سیر موسیٰ بن عقبہ سے اور مشہور محدث امام لیث مصری سے مروی ہے۔ امام سہیلی نے روض الانف میں اسی روایت کو اقرب الی الحق لکھا ہے اور سب سے پہلے امام مذکور ہی نے روایتاََ اس نکتہ کو دریافت کیا کہ ۱۲ ربیع الاول کی روایت قطعاََ ناقابل تسلیم ہے کیوں کہ وہ باتیں یقینی طور پر ثابت ہیں‘ روز وفات دو شنبہ کا دن تھا۔ اس سے تقریباََ تین مہینے پہلے ذوالحجہ ۱۰ ھ روز جمعہ سے ۱۲...

تفسیر دعوۃ القرآن کے امتیازات و خصائص

Quran is the word of Allah Almighty, therefore, in order to understand it in the true sense, a person has to sharpen his or her intellectual ability as well as increase the knowledge. When one is at a particular intellectual level, only then can he or she start understanding the true message, which Allah Almighty conveyed through words of Quran. Pertaining to the explanation of Quran for the understanding of general audience, different people have tried to write the Tafseer of Quran. Although Muslims recite Quran and try reading it with translation, however, the reading of Tafseer has its own importance. “Tafseer Dawat-Ul-Quran” is written by Abu Nauman Saifullah Khalid and published from Dar-Ul_Undalus Lahore in 2010. This Tafseer has been written in the light of the Quran, Hadith, and the sayings of the companions of Prophet. In this Tafseer correct tradit-ions has been included and unauthentic traditions has been avoided. In  theological  interpretations,   the  words  of  Qur'an are  explained  in  the context of the Qur'an itself or the sayings of The  Holy Prophet(ﷺ). This type of interpretation is called “Tafseer Bilmasur”.“Tafseer Dawat-Ul-Quran”is representative of Tafseer Bilmasur. In this research article, the Salient features of “Tafseer Dawat-Ul-Quran” are discussed.

Plant Bacteria Synergistic Strategy for Remediation of Contaminated River Water Through Floating Treatment Wetland System

Floating treatment wetland (FTW), an innovative approach, offers a practical solution for treatment of polluted river water. Floating wetlands perform as a hydroponic system composed of growing medium for emergent vegetation and their associated microbes which remove nutrients and pollutants from the polluted water. The core objective of this study was to explore the potential of floating treatment wetlands (FTWs) augmented with pollutant degrading bacteria for remediation of heavy contaminated river’s water at microcosm scale. The analysis of water samples collected from River Ravi, Lahore, Pakistan revealed that the river is polluted with organic and inorganic pollutants. Four macrophytes; Brachia mutica, Typha domingensis, Phragmites australis and Leptochola fusca were selected to develop FTWs and were inoculated with the bacteria having pollutants degrading and plant growth-promoting activities. The developed FTWs system efficiently removed both organic and inorganic pollutants from the water and bacterial inoculation further improved the efficacy of the developed system. Between Typha domingensis and Leptochola fusca, inoculated with three different rhizospheric and endophytic bacterial strains, the performance of T. domingensis was significantly better than L. fusca. Between Phragmites australis and Brachia mutica, inoculated with consortium of five rhizospheric and endophytic bacterial strains,the performance of P. australis was better than B. mutica with and without bacteria. The FTWs system also showed potential to remove potentially toxic metals, Fe, Mn, Ni, Pb and Cr, from the water and their metals removal efficacy was increased by the addition of microbes. The bacterial augmented treatments showed high biomass production than non-bacterial augmented treatments. Inoculated bacterial strains were found increasing in root and shoot of inoculated macrophytes.